Carpenter Technology Corporation announced record operating income of $151.4 million in the fourth quarter, with earnings per diluted share at $2.21. Adjusted free cash flow reached $201.3 million. The fiscal year 2025 saw the company’s most profitable year ever, with $525.4 million in adjusted operating income. Fiscal year 2026 outlook expects a 26% to 33% increase over 2025’s operating income.

The Specialty Alloys Operations segment exceeded expectations with an operating income of $167.0 million, leading to an adjusted operating margin of 30.5%. Carpenter Technology anticipates an operating income between $660 million to $700 million in fiscal year 2026. The company remains on track for its fiscal year 2027 target of $765 million to $800 million in operating income.

Cash provided from operating activities in the fourth quarter of fiscal year 2025 was $258.0 million, with adjusted free cash flow reaching $201.3 million. The company executed $24.1 million in share repurchases during the quarter. Carpenter Technology reported total liquidity of $664.4 million at the end of the fourth quarter.

Net sales for the fourth quarter of fiscal year 2025 were $755.6 million, with operating income at $151.4 million. Adjusted operating income excluding special items was $125.2 million in the fourth quarter of fiscal year 2024. Earnings per diluted share for the fourth quarter of fiscal year 2025 was $2.21, compared to $1.85 in the prior year quarter.

Read more at GlobeNewswire: Carpenter Technology Reports Fourth Quarter and Fiscal Year